Main Street Capital Investor Day Presentation Deck
MAIN continues to execute
on the key aspects of its
long-term plans as
discussed in prior years
Strategic Overview - Accomplishments Over the Last Year
MAIN is pleased with its
accomplishments on its
key objectives
Expanded and diversified
its debt financing
relationships
Maintained conservative
capital structure and
liquidity position
(1) As of March 31, 2023
Main Street Capital Corporation
●
Maintained strengths of capital structure and liquidity position
Maintained investment grade debt ratings by S&P Global Ratings
and Fitch Ratings
●
MAINST
●
CAPITAL CORPORATION
- S&P reaffirmed BBB-/Stable
Fitch Ratings reaffirmed BBB-/Stable
Expanded and diversified debt financing relationships
Increased total commitments on our Corporate Facility to $980.0 million
Entered into a new SPV Facility which includes $255.0 million in capacity due
November 2027
- Issued $150 million of Series A/B unsecured notes due in December 2025
Continued effective use of low cost and efficient at-the-market
(ATM) equity offerings to maintain optimal liquidity and
conservative leverage position
Maintained conservative leverage profile:
Debt to Equity Ratio of 0.92x(1)
Non-SBIC Debt to Equity Ratio of 0.77x(1)
NYSE: MAIN
From March 31, 2022 to March 31, 2023, MAIN raised net proceeds of $187.7
million through ATM equity offerings at an average issue price premium to NAV
per share of approximately 50%;
Supplemented with an equity offering resulting in net proceeds of $55.1 million
Maximize utilization of attractive SBIC debentures
MAIN enjoys total SBIC debenture regulatory financing capacity(¹) of $350.0
million, the maximum amount permitted under current U.S. Small Business
Administration (SBA) regulations
mainstcapital.comView entire presentation